Canadian Master Tax Guide 2012 (67th Edition)

The Canadian Master Tax Guide provides helpful and practical guidance on today's federal tax law. This 67th Edition reflects all pertinent federal taxation changes and provides fast and reliable answers to tax questions affecting individual and business income tax.

The 2012 Canadian Master Tax Guide contains timely and precise explanations of federal income taxes for individuals, partnerships, corporations, estates, and trusts, as well as new rules established by key court decisions and the Canada Revenue Agency. Significant new tax developments are conveniently highlighted and concisely explained for quick reference and understanding. The book's explanations provide tax practitioners with accurate and sound guidance to help them understand, apply, and comply with today's complex tax laws.

New in this edition:

• Limitation on Tax Deferral for Corporations with Significant Interests in Partnerships
• Stop-Loss Rules on Redemption of Shares
• Donations of Publicly-Listed Flow-Through Shares
• Accelerated CCA for M&P Machinery and Equipment
• Class 43.2 for Clean Energy Generation Expanded
• Personal tax credits:
  • New Childrens’ Arts Credit
  • New Volunteer Firefighters Tax Credit
  • Medical Expense Tax Credit – changes for claim for expenses of dependants
  • Child Tax Credit – changes for families sharing a home
  • Tuition and Education Tax Credits – changes for eligible expenses
• Deferred income plans - changes affecting RRSPs, RRIFs, RESPs, and RDPs
• Tax on split income for capital gains
• Charities:
  • administrative changes
  • granting of options to charities

The Canadian Master Tax Guide is conveniently cross-referenced to the Income Tax Act, Income Tax Regulations, court decisions, and CRA technical publications. This reliable reference is a must for anyone involved with federal taxation.

Extensive Topical Coverage:

• Tax Rates and Credits
• Tax-Free Savings Account
• Income from Business and Property
• Deferred Income Plans
• Capital Gains and Losses
• Dividends
• Capital Cost Allowance
• Charitable Donations
• SR&ED Expenses
• Returns and Assessments
• Tax Planning for Individuals - 2012/2013